Currumbin Ltd sells a product for which they have a target profit of $30000. This product has variable costs of $4 per unit and total fixed costs of $45000. If 15000 units are to be sold, what should be the selling price? a. $2 b. $5 c. $3 d. $9
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Currumbin Ltd sells a product for which they have a target profit of $30000. This product has variable costs of $4 per unit and total fixed costs of $45000.
If 15000 units are to be sold, what should be the selling price?
a. $2
b. $5
c. $3
d. $9
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Arnold Company Pty Ltd provided these estimates for the three months ending 30 June 2020, its first period of operation. The beginning cash balance is $1,000.
Cash receipts from sales
$300 000
Cash payments for expenses
130 000
Payment for the purchase of new motor vehicle
15 000
Depreciation of motor vehicle
15 000
Repayment of a loan
100 000
What is the estimated cash balance at 30 June 2010?
a. $55000 deficit
b. $40000 surplus
c. $56000 surplus
d. $155000 surplus
e. $50000 surplus
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Park Ltd produces financial calculators. The production capacity is 35,000 calculators, and the company is currently operating at 80% capacity. Variable
manufacturing costs are $12 per unit. Fixed manufacturing costs are $420,000. The calculators are normally sold to Computek Ltd at $28 each. Bronson has an offer from Office Equipment Ltd (a foreign wholesaler) to purchase an additional 6,000 calculators at $14 per unit. The delivery costs for this order would be $13,000.What is the available capacity of Park Ltd before accepting this order?
a. 35 000 units.
b. 28 000 units.
c. Cannot be determined with the data provided.
d. 6 000 units.
e. 7 000 units.
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Jaxon Ltd settles their creditors’ accounts as follows: 30% in the month of purchase and 70% in the month following purchase. For the month of April their credit purchases totalled $85 000 and in May were $78 000.
How much cash did Jaxon Ltd pay to their creditors in the month of May?
a. $59 500
b. $23 400
c. $54 600
d. $82 900
e. $80 100
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